Attacks on cargo ships in the Red Sea by the Houthi rebels Yemenbacked by Iran in the context of the Gaza war, are beginning to disrupt world trade by endangering transit through a key route. With the Suez Canal to the north and the strait Bab el-Mandeb To the south, the route through the Red […]
Tag: Petroleum
Yemen’s Houthi rebels warn US that they will respond: they will be targeted by missiles
Houthi rebels Yemen that attacked cargo ships with missiles and drones in the Red Sea They warned this Wednesday that they would respond to possible aggression by US forces. Because? The Houthis support Hamas in the war that broke out on October 7 after the attack that the Palestinian militia launched against Israel and left […]
Oil continues to rise due to disruptions in the Red Sea
He Petroleum rose again on Tuesday, still driven by attacks on ships in the Red Seaalthough the market is not won by enthusiasm. The price of a Brent barrel from the North Sea for delivery in February rose 1.6% and closed at US$79.23. The US West Texas Intermediate (WTI) for delivery in January, on its […]
United Kingdom reaffirms support for Guyana amid dispute with Venezuela
The head of diplomacy United Kingdom in America, David Rutley, reaffirmed this Monday the support of the British government to Guyana in the midst of its territorial dispute with Venezuelain a closed-door meeting in Georgetown with the Guyanese president, Irfaan Ali. “The United Kingdom supports Guyana“, published Rutley, British Undersecretary of State for the Americas […]
Petroperú seeks to reach 33% of the market by 2024
Petroperú closes 2023 in blue in operational terms thanks to the vertical integration with lots I, VI and Z-2B and expects to recover 6 percentage points of market share in the summer of 2024 to reduce oil prices. fuels by not less than 5%. The state oil company lost the market (it covered 40%) when […]
Venezuela will receive 27% more income from PDVSA after sanctions relief
The government of Venezuela contemplates a 27% increase in oil revenues that will finance the 2024 budget, according to a document seen by Reuters, amid a stagnation of the crude oil productiona review of US sanctions and in an election year. The president’s administration Nicolas Maduro estimates that next year’s spending will be equivalent to […]
Fuels rise more than 25% in Argentina near the inauguration of Javier Milei
Oil companies in Argentina prices of goods rose by an average of 25% fuelsclose to the day he takes office as president Javier Mileiwho is expected to take measures that impact the energy market to order the strong macroeconomic imbalances that the country is dragging. The Raízen oil companylicensee of service stations Shellwas the one […]
South America urges Venezuela and Guyana to avoid “unilateral actions”
The South American countries urged this Thursday Venezuela and Guyana to avoid “unilateral actions”, in the midst of the growing tension between both countries over the dominance of the Essequibo region, which Caracas intends to annex. This was stated in a declaration released at the end of the semi-annual Mercosur summit (Argentina, Bolivia, Brazil, Uruguay […]
Woodside and Santos negotiate to create US$52 billion gas giant
Australia’s Woodside Energy and Santos said Thursday they are in preliminary talks to create a global energy giant. Petroleum and the gas of 8,000 million Australian dollars (US$52,000 million), at a time of consolidation of international energy companies. The combination of two of Australia’s largest oil and gas producers would be the country’s biggest corporate […]
What is the border dispute between Venezuela and Guyana?
The tension between Venezuela and Guyana has surged in recent weeks over a long-running territorial dispute and was fueled after Caracas said it won massive support in a referendum to create a new state and the president Nicolas Maduro announced the exploration and production of oil in the area. What is at stake is a […]